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Technology Stocks : JMAR Technologies(JMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Bilberry who wrote (5028)	2/10/1998 5:54:00 PM
From: Dale Kohler	Respond to of 9695

Bilberry- I agree the common is a steal at these levels, I was being facetious earlier. It would be a better steal if things were allowed to settle properly. If money is needed and it is for a worthwhile reason I would rather have my company borrow the money from a bank. No muss, no fuss, no dilution, no manipulation. The loan can be paid off and forgotten...added shares are forever. A loan taken out at 10% will reduce per share earnings by that dollar amount each year only until the loan is repaid, while if (and now I suppose when) the warrants are exercised earnings per share will be reduced 10% ad infinitum. I consider undue float dilution to be one of an investor's most insidious enemies. I hold the highest respect for managements who can grow their companies without resorting to the easy fix of adding shares by whatever means. Dale

To: Bilberry who wrote (5028)	2/10/1998 9:40:00 PM
From: SPEEDRACER	Read Replies (2) \| Respond to of 9695

Bilberry, Please consider this... The MM's can't just sell the warrants unhedged with reckless abandon!!!!! They were the ones buying the stock today as a hedge for the warrants they sold. Less than 40k stock traded . I'd like to see the warrants get heavily purchased here. Why? Because it will force MM's to be short them. Then if there is any positive reaction to earnings or any other co. announcement, the stock will fly because people will come to buy the stock and warrants at the same time propelling it higher in an exponential fashion. Just a wishful, but very possible scenario... SPEEDY============

To: Bilberry who wrote (5028)	2/11/1998 1:26:00 PM
From: Dave Lippert	Read Replies (1) \| Respond to of 9695

Bilberry, How about this? Let the warrants expire at the end of 60 days. If more capital is needed JMAR could issue warrants to existing common shareholders, say 1 warrant for every 5 or 10 shares. I doubt that this would be done due to the additional legal requirements it would probably entail, but this would be a way of rewarding loyal common shareholders without bailing out warrant holders. I don't think any company should be concerned with bailing out people who made a risky investment that didn't turn out. I've made some of those in the past and I was willing to accept my losses. What ever happened to personal responsibility? If you start doing this, pretty soon some stockholders are going to sue the company if the stock price merely goes down. People who want a guaranteed investment shouldn't be investing in either JMAR or JMARW! - Dave